Volta Commences 15,000m Drilling Program to Follow-Up Gold Targets at its Nassara Gold Prospect, Gaoua Project, in Southern Burkina Faso
By Volta Resources Inc., PRNETuesday, June 7, 2011
TORONTO, June 8, 2011 -
Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announced
today that it has commenced a combined reverse circulation ("RC") and diamond
drilling ("DD") program for a total of approximately 15,000 metres at its
Nassara gold prospect on the Danyoro permit, which forms part of the 100%
owned Gaoua project in southern Burkina Faso, West Africa (see Figure 1 here:
files.newswire.ca/407/VoltaFig1(1).pdf). The current program will
follow up the positive drilling results obtained in January and June-August
2010 (see News Releases of 28 January 2010 and August 12, 2010).
Since the release of the results of its drilling campaign in August 2010
a Gradient Array Induced Polarisation ("IP") survey, as well as additional
trenching and auger drilling have been carried out over the Northern and
Southern extensions of the Nassara Main Zone (Nassara MZ) as well as over a
parallel low-lying "whaleback" ridge (Nassara SW) that appears to be
coincident with similarly enhanced gold anomalism.
The IP survey at Nassara Main Zone ("Nassara MZ") suggests that the
mineralized sheared contact, between the low-chargeable volcanics and
highly-chargeable sediments, extends over an additional 3.5km along strike
(see Figure 2 here: files.newswire.ca/407/VoltaFigure2.doc). The
extension is currently being followed-up with wide-spaced trenching and auger
drilling.
Kevin Bullock, Volta's CEO, said, "The exploration work carried out at
Nassara since the last drilling program confirms that the Nassara gold
prospect has significant gold targets and we plan to test these targets with
an expanded program."
The current drilling campaign will aim at systematically testing three
wider and higher grade sections along the 2.5km of strike identified so far
along the Nassara MZ as well as extending the drilling depth to 150m vertical
metres. In addition, scout drilling will be undertaken along strike on the
recently identified northern (3.5km) and southern (2km) extensions of the
Nassara MZ. The 15,000 metre drilling program will continue until the onset
of the seasonal rains when it will then be interrupted for approximately
three months, from mid-August to late October or November.
Previously, first pass shallow drilling results on the Nassara MZ yielded
highlights of 15.0m @ 4.45g/t gold from 10.0m, 11.0m @ 2.18g/t gold from
38.0m, 5.0m @ 6.50g/t gold from 47.0m, 19.0m @ 2.22g/t gold from 2.0m and
9.0m @ 11.15g/t gold from 51.0m (see Figure 2 here:
files.newswire.ca/407/VoltaFigure2.doc).
Under the guidelines of National Instrument 43-101, the qualified person
for the Gaoua project is Mr. Guy Franceschi, Vice President, Exploration for
Volta. Mr. Franceschi is a member of the European Federation of Geologists
and has reviewed and approved the contents of this news release.
Volta is a mineral exploration company primarily focused on becoming a
leader in the identification, acquisition and exploration of gold properties
in West Africa. The Company is currently fast-tracking its flagship Kiaka
Gold Project, located in Burkina Faso, toward a development decision.
Forward Looking Information Caution:
This press release presents "forward-looking statements" within the
meaning of Canadian securities legislation that involve inherent risks and
uncertainties. Forward-looking statements include, but are not limited to,
statements with respect to the future price of gold and other minerals and
metals, the estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the capital expenditures, costs and timing of the
resources, the realization of mineral reserve estimates, the capital
expenditures, costs and timing of the development of new deposits, success of
exploration activities, permitting time lines, currency exchange rate
fluctuations, requirements for additional capital, government regulation of
mining operations, environmental risks, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage. Generally,
these forward-looking statements can be identified by the use of forward
looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Volta to be materially different
from those expressed or implied by such forward looking statements, including
but not limited to: risks related to international operations, risks related
to the integration of acquisitions; risks related to joint venture
operations; actual results of current exploration activities; actual results
of current or future reclamation activities; conclusions of economic
evaluations; changes in project parameters as plans continue to be refined;
future prices of gold and other minerals and metals; possible variations in
ore reserves, grade or recovery rates; failure of equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the
mining industry; and delays in obtaining governmental approvals or financing
or in the completion of development or construction activities. Although the
management and officers of Volta believe that the expectations reflected in
such forward-looking statements are based upon reasonable assumptions and
have attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. Volta
Resources does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with applicable
securities laws.
For further information:
please refer to our website www.voltaresources.com or contact:
Kevin Bullock, P.Eng., Andreas Curkovic, President & CEO Investor Relations Tel: +1(647)388-1842 Tel: +1(416)577-9927 Fax: +1(416)867-2298 Email: kbullock@voltaresources.com
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